Brief: Airmedia enters into amendment no. 3 to merger agreement for going private transaction

Yueda Digital Holding

28/06/2017 11:30

June 28 (Reuters) - Airmedia Group Inc  AMCN.O  
    * Airmedia enters into amendment no. 3 to merger agreement 
for going private transaction 
    * Airmedia Group Inc- special committee is evaluating 
revised proposal with assistance of its financial and legal 
advisors 
    * Airmedia Group Inc - special committee of board received 
proposed amendment from Herman Guo Man Dan Shao and Qing Xu 
    * Airmedia Group- merger agreement amendment no. 3 extends 
termination date to July 31, 2017 so as to give special 
committee sufficient time to consider revised proposal 
    * Says special committee received proposed amendment to 
merger agreement from buyer group on May 23, 2017 
    * Airmedia Group - under terms, either co or parent could 
terminate merger agreement if merger contemplated by deal not 
been completed by June 30, 2017 
    * Airmedia - special committee received revised proposal 
from buyers on May 23 to buy co shares not already owned by them 
for $4.00/ADS or $2.00/share in cash 
 
Source text for Eikon:  ID:nPn3RnBt8a  
Further company coverage:  AMCN.O  
 
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